Economy of Trinidad and Tobago
Population: 1.39 M (2018)
GDP per Capita: 17,130 USD (2018)
23,810 M.

GDP USD

(2018)

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2,018 B.

EXPORTS USD

(2018)

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2,018 B.

IMPORTS USD

(2018)

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65.50 %

PUBLIC DEBT

(2019)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 1.82 % (2015)
GDP of 2010 USD USD 21.10 B. (2018)
GDP Current USD USD 23.81 B. (2018)
GDP per Capita Current USD USD 17,130 (2018)
GDP per capita, PPP USD 28,407 (2018)
GDP per Capita, 2010 USD USD 15,161 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP
Government Spending
Government Debt % GDP 65.50 % (2019)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 143.39 (2018)
Trade Openness 143.39 (2018)
Exports of Goods and Services % GDP
Exports Goods & Services
Exports Annual Growth 143.39 (2018)
Imports as % GDP 143.39 (2018)
Total Imports
Foreign Direct Investment % GDP 0.71 % (2015)
Foreign Direct Investment USD 0.18 B. (2015)
Current Account Balance % GDP USD 5.00 % (2018)
Current Account Balance USD 1.19 B. (2018)
Trade Balance % GDP % (2018)
Trade Balance USD 2.05 B. (2018)
Foreign Exchange Reserves incl Gold USD 8.11 B. (2018)
Remittances % GDP 0.58 % (2018)
Remittances USD 138 M. (2018)
Balance of Payments USD 39 M. (2012)

Labor Market

Indicator Value
Labor Force 0.67 M. (2019)
Unemployment Rate 2.81 % (2019)
Unemployment Rate Females 2.83 % (2019)
Unemployment Rate Males 2.58 % (2019)
Youth Unemployment (ages 15-24) 6.41 % (2019)
Labor Force Participation Rate 60.19 % (2019)
Labor Force (Percent Female) 42.57 % (2019)
Female Labor Force Participation Rate 50.15 % (2019)
Male Labor Force Participation Rate 70.74 % (2019)
Dependent People 45.25 % (2018)

Agriculture Sector

Indicator Value
Forest Area 46.00 % (2016)
Forest Area km² 2,361 km² (2016)
Agricultural Land 10.53 % (2016)
Agricultural Land km² 540 km² (2016)
Employment 3.14 % (2019)
Value added % GDP 1.03 % (2018)
Agriculture Value added USD 0.25 B. (2018)
Crop Production Index 60.20 (2016)
Precipitation 2,200 mm (2014)
Arable Land 5 % (2016)
Cereal Yield 1,372 kg/hectare (2017)
Food production index 96 (2016)
Rural Population 47 % (2018)
Fertilizer use of Arable Land 356 kg/hectare (2016)
Livestock Production Index 121 (2016)
Economy of Trinidad and Tobago

According to the World Bank and its latest published data, the economy of the Trinidad and Tobago presents a growth rate of 1.82 % (2015) to the previous year.

With a population that reaches 1.39 M (2018) and a gross domestic product of USD 23.81 B. (2018), it translates a Gross Domestic Product per Capita of USD 17,130 placing its inhabitants on the threshold of an High-income country (according to the World Bank's updated classification).

Trinidad and Tobago also has a workforce of 0.67 M. (2019) with an unemployment rate of 2.81 % (2019), where women represent 2.83 % (2019) and men 2.58 % (2019), the unemployment rate for young people between 15-24 years old stood at 6.41 % (2019). The total number of dependent people stands at 45.25 % (2018).

The central government spent of its gross domestic product that year, which in absolute terms is . Its consolidated public debt reached 65.50 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Trinidad and Tobago exported , which represents of its gross domestic product, in that same sense its imports reached with a direct foreign investment of USD 0.18 B. (2015).

Trinidad and Tobago has a forest area of 2,361 km² (2016), which represents 46.00 % (2016) of its total area, an average rainfall of 2,200 mm (2014) per year and a population of 47 % (2018) living in rural areas. With a total area of 540 km² (2016) available for agriculture and 3.14 % (2019) of its employments, the agricultural sector contributes to the economy of the Trinidad and Tobago about USD 0.25 B. (2018) (1.03 % (2018) of its GDP).